Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Yes they were interested in fuel cells and then they did a deal in the states to sell a fuel cell design in Europe. Do you remember the small scale H2 generator they designed for welding.
All this is good stuff, but business education tells you to focus your company. So what Dennis is doing is focusing on Production of the three core products in Factory number 1, developing a proper Engineering culture in Building number 2 and Customer service in German Building number 3.
I've used capitals here to try and make the picture clear not taking up a new nomenclature convetion.
Within Engineering there will, no doubt be space for one or two crazy "what if" scientists. But after Graham's approach which was not as bad as "chase every butterfly" but close to it, this is a significant cultural change and will take 18 months to begin to stick. I imagine "focus, fix it properly" or some such mantra is posted on many walls.
After 20 years I'd like to see some postive cash flow before they start chasing the fairies again. 20 years is a long time for hope to buoy up your dreams.
Daily Fail again?
2nd factory, if Linde win that order then yes, probably only two of three companies in the world who can pull that off. Just as a general note; Total is not normally in the Linde camp but business is business.
"Any of you guys who Linkin with Dennis, might suggest it (??)."
not sure what you want communicating, but the easiest way to talk to ITM as a share holder is drop a note to the CFO. Alternatively Dennis is on Linkedin and he reads this site. So explain in detail what you want....
Isn't reverse electrolysis called "a fuel-cell". The competition in that field is enormous and the players are massive.
Confused. You really reject the conclusions of all but a few crazy scientists in the world and every country apart from North Korea?
And you suggest I'm in the wrong......
BTW I don't hate cars, I have no emotional connection to inanimate objects.
Graham started out as some sort of fixer for the Grid, so right up his street
Great article, now how many government ministers read chemistryworld
https://www.sciencecampaign.org.uk/what-we-do/political-engagement/mps-to-watch/ might be worth a study
Yes I've done all the maths, I've been on this investment for 13 years I've done the MOOC, the engineering degree, the review of the alternatives, the economics etc
The case for combustion only makes sense for large vehicles and then only just.
Just replacing the blue hydrogen usage in the world would keep ITM and existing factories busy for 200 years.
Not all if us live in towns and cities....but most of us do.
The maths of the ICE just don't add up. The efficiency is terrible.
I agree change will be very slow and then very fast like bankruptcy as climate change accelerates. Luckily ITM will have lots of low hanging fruit long before private cars get a look in. Which is why Motive is getting sold off.
There is no doubt that private cars' days are numbered. Certainly the getting taller and fatter has to come to the end. While car companies promise the "freedom of the open road" the reality is "nightmare on any street". We need to modify our life styles so we work near where we live. I have a number of multi-millionaire Dutch friends who consider the norm is to cycle to work and do not have a car because public transport is so good. The UK has fallen for the private sofa on wheels parked on the public street concept too easily.
Hydrogen combustion along with diesel combustion and petrol combustion is a stupid solution to transport and a great way to accelerate Climate Change. I think ITM is well out of that market.
I saw that one of the states was about to invest yet more money in green energy in the UK for some work with RR plus some other companies. I assume this is the trigger for a slight rise this morning.
Lithium mining/concentration is a new industry, if only we had invested in that 100 years ago rather than in oil mining/refining. Motor tolerences as required have been around since the 80s. I was making machines to bore and turn to 6 sigma in the region of 12 microns back then. Given that a breath of hot air moves most metals out of that range.....
There certainly seems to be a fashion for bigger and bigger cars with more crap in them. Which not just wastes energy but puts up the income for maintenance. It was almost as if car companies didn't care about the planet /s.
Nothing on a car, nothing, compares to the simplicity of a bicycle
Without, in any way criticising your posting, there are so many companies now that have these products, just quickly here are two
https://www.cummins.com/news/releases/2022/05/09/cummins-inc-debuts-15-liter-hydrogen-engine-act-expo
https://www.jcb.com/en-gb/campaigns/hydrogen
they all talk about high thermal efficiency, by which I think they mean up to 40%. (NB 1% is up to 40%)
This is either greenwashing
A desperate attempt to keep viable their engine plants into the future
or
A job to kill time
and I cannot make my mind up which it is. Given that you have to make green hydrogen, which at best is 70% efficient, burn it at 40% and assuming that the complicated power train in a car knocks off another 10% you are talking about a pretty useless piece of equiment at 25%.
The conservatives forget that the ozone layer crisis was not defeated by the market but by legislation. Climate change needs legislation. Plus it is worth noting that Australia has a long tradition of 20 year plans that successive governments keep to. The UK doesn't. What is noticeable is the only real success of the last ten years in England has been education against the Pisa standard. Same ministers and same strategy for 10 + years . Makes you think, maybe sticking to a plan works......
I can think of four. Only two of whom see climate change as vital and one helped in the project on the ozone layer, but she was a chemist so it came easy to her.
So far, nothing. But let's hope.
Update on what is Neptune
https://itm-power.com/products/neptune
All trades have a buyer, but by convention the system tries to work out if the price paid was on the sell side or the buy side of the deal. Not a perfect solution especially when towards the end of the day were a certain amount of settling out occurs. So it only partially suggests the coming movement.
When you put that with the size of any trade, it becomes more significant and often institutions and large players tend to report their trade (and make their trade) after closure of the main market.
End of day for a share that the business behind it has lumpy sales and the whole market is correcting after yesterday's good numbers.
yawn
On the other hand more and more governments and industries are beginning to move against fighting climate change and our own idiots are getting dumber.
On the up side the average IQ of the department of business and energy went up a fair bit yesterday....